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Scott Lewis is the CEO of Spartan Investment Group based out of Colorado.  We discussed about why one should perform thorough due diligence while acquiring real estate or any other type of business.

Here are the points we discussed:

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• Define due diligence
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• At what step of the process, do you start due diligence?
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• Do you follow certain steps or a process for due diligence?
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• Does due diligence change depend on the type of asset?
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• Can you take us through your due diligence process?
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• What kind of 3rd party contractors do you use?
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• What's the cost of due diligence vs benefit?
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• Show us an example where thorough due diligence saved you from tons of headaches?
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